When it comes to spread betting, Intertrader is one of the leading names. Not in vain they have won multiple prizes:
- Best Spread Betting Provider 2019 (COLWMA Awards)
- Best Spread Betting Operator of the Year 2018, 2017 (MoneyAge Awards)
- Spread and Financial Operator of the Year 2016 (eGaming Review Awards)
- It means they are doing many things right.
Nonetheless, we are going to analyze it all in this Intertrader review, to let you see if it is the right platform for your spread betting or not. We are going to cover all the factors that matter: bonuses, offers, payouts, user experience, legitimacy and complete business information.
Welcome Offer and Promotions
Intertrader brings you two welcome offers:
- 10% Extra on Your First Deposit: When you deposit at least £500 on their web platform (maximum is £10,000 deposit)
- Free £100: Only for UK residents who sign up on the English (UK) Platform and send an email with the subject “Free100”. No deposit required.
Since we are talking about spread betting, it is not possible to compare it against sportsbooks because they are different platforms. Nonetheless, for the standards of other similar platforms, their welcome offers are generous.
Unfortunately, they do not have other promotions now besides their welcome offer.
Alternatively, you can try Intertrader without risk if you open your own Demo Account. It will allow you to trader using the web platform, MT4 or via mobile app. You can try spread betting free of risk.
Product and Markets
Now it is time to review the product and the markets. We are going to bring you unique insights to help you decide if Intertrader is the right platform you.
Unlike sportbooks, with Intertrader you place bets based on the way you think a specific market will move. Therefore, we are talking about different types of markets. Since this provider holds a market-neutral position, they guarantee that you are trading against the market itself.
- Intertrader puts at your disposal a wide variety of markets for your spread betting strategies:
- Forex: 1000s of American, European, English and Asian markets
- Shares: Daily contract from the major shares around the world
- Commodities: Plenty of energy, metal and soft commodities contracts on a daily basis
- Interest Rates: You can bet on the direction of the interest rates (3 months) by trading Euribor, Eurodollar, Euroswiss or Short Sterling futures
- Indices: Quarterly, monthly and daily futures from US Tech 100, Wall Street, Japan 225 and other world indices
- Bonds: Plenty of government bonds and from other sources, including 30-year bonds
- Specials: Bet on exotic markets such as US Nonfarm Payrolls
Therefore, this platform offers you a flexible and complete selection of markets to place you stakes. You can build effective strategies and get yourself plenty of opportunities.
Intertrader allows you to bet per point, regardless if you “go long” (BUY) or you “go short” (SELL). Therefore, it pays you per point. For example, if you place a £10 bet per point and your chosen market rises 10 points, then you will make £100.
It is very easy to place your bets because the platform offers a superb User Experience (more about this in a moment) be it on the web platform, MT4 or mobile app.
You can also set up stop loss orders, which is a great way to protect you against big losses, because spread betting can make you a lot of money, but it can also provoke you huge losses. Nonetheless, it is excellent that Intertrader protects you against this scenario with an easy-to-use stop-loss tool.
Finally, you also need to know that they bring you cashback equal to 10% of your spread fees.
Mobile & App
To make your spread betting profitable and pleasant, you need to use a platform that makes it easy to place your bets, set up stop loss orders, navigate markets and get customer support.
Before we start reviewing each platform – web-based, MT4 and mobile app – you need to know that they all include the same trading tools:
- IT-Finance Advanced Trading Charts
- Livesquawk Real Time News
- Econoday Economic Calendar
- Trading Central Trading Signals
- Trading Central Technical Analysis
- NetDania Cross-Platform Trading Charts
- Autochartist Pattern Analysis (Automatic)
In general, it is very easy to use and you can customize it as you please. You have easy access to all the aforementioned tools on the top, and you can place your bets and decide your stakes with a couple of clicks. You can also set up multiple watch lists to keep an eye on promising opportunities.
In our opinion and experience, Intertrader’s platform is one of the easiest to learn and to use. If you want to get the full experience, then use the web-based platform, because it is easier to use than the mobile apps.
The mobile apps are quite good, but there is nothing better than operating from the web-based platform or Meta Trader 4.
It offers the same quality of experience as its website. These are the stats we have obtained from Play Store:
- Rating: 3.8/5
- Votes: 68
- Installs: 5,000+
From the feedback we have gathered, in addition to our experience, it offers a solid performance. Therefore, it allows you to manage your spread betting on the go.
These are the most important stats we have obtained from the App Store:
- Rating: 4.3/5
- Votes: 238
According to reviews, it works very well on iPhone and Ipad. Therefore, you can rely on it to set up your spread betting strategies.
How to Open an Intertrader Account
Below you will find out how to open your spread betting account in just a few steps.
Step 1 – Head Over to Intertrader.com
Ensure that the address is INTERTRADER.COM and that it has an active SSL certificate (green lock). On the top, you will find two buttons:
- Create Web Account
- Create MT4 Account
Choose your preferred option. In case you are a beginner, we recommend you to stick to Web Account.
Step 2 – Fill up the Sign up Form
It is a 4-step registration form. You can choose an individual or corporate account. We are going to cover the registration process of a web-based individual account.
1st Stage (Personal Details)
- First Name and Last Name
2nd Stage (Address)
- Date of Birth
- Postal Code
- House Number
- State or Province
- Residency Time
- Account Type (Choose Spread Betting)
3rd Stage (Trading Experience)
- Experience in Spread Betting
- Experience in CFD Trading
- Experience in FX
- Experience in Shares
- Experience in Options
- Occupational Experience
4th Stage (Economic Details)
- Employment Status
- Job Title
- Company Name and Address
- Annual Income
- Tax Residence (Country)
- Tax ID Number
Once you fill all of these details, you will be fully signed up. Nonetheless, take into account that full account set up can take a while (usually 10 minutes).
Step 3 – Wait for the Confirmation Email
Once your account has been approved, you will receive an email to notify you. If they need more information such as your ID, then they will also let you know.
Step 4 – Fund Your Account
Now that your account is ready, just log in and fund it. You can use the following deposit methods:
- Credit Cards
- Bank Transfer
- To claim your 10% extra on your initial deposit. Make sure to deposit a minimum of £500.
Step 5 – Start Spread Betting
Now that your account is working and you have your funds in addition to your bonus, it is time to start spread betting! The platform is very easy to use, so you will find your favourite markets in no time and you will place your stakes with no effort at all!
Licensing, Regulation and Security
Intertrader started operations in 2011 and it belongs to GVC Holdings PLC, one of the biggest sport gaming companies in the world with a market capitalization of £4 billion (approximately). They have headquarters in Gibraltar, and we are going to see, they hold plenty of licenses and regulators.
Licenses and Regulations
Since they are located in Gibraltar, the responsible entity of regulating their operations is the Gibraltar Financial Services Commission. They hold the following Financial Services Commission (FSC) registration number: 17009.
They can use this same license and registration to operate in other European countries such as the UK. Therefore, all of their operations are legal and regulated. For example, in the UK they hold the following FCA registration number: 597312.
Therefore, they hold all the licenses necessary to operate legally in every country. In addition, GVC is licensed to operate in 14 different countries.
SSL & Website Security
Their website is fully protected by their SSL certificate, which encrypts transactions within the platform. Your financial transactions, such as depositing funds, are fully protected, and in consequence, your financial information will remain private.
They have not suffered hack attacks or DDoS attacks according to the major reporters and our own analysis. Therefore, it is a very safe platform to use.
It is available in 200 countries, and so far now, they do not hold restrictions. In consequence, you can register without problems.
Their customer support service is quite good, since they are available 24 hours from Monday to Friday. Furthermore, they offer you the following contact methods:
- Live Chat
Based on our experience, they answer quite fast, especially if you contact them through live chat. They can solve even complex requests in record time.
In addition, they have plenty of posts and guides to help you to understand key concepts about their platform and the services they offer such as spread betting.
You can also consult their FAQ page help yourself when none is around or you wish to solve your problems by yourself. Self-service at its best.
Intertrader puts at your disposal plenty of deposit and withdrawal methods. Below you will find the full details.
You can use plenty of methods to credit your account:
- Credit Cards
- Bank Transfer
You can use the same methods to withdraw your earnings:
- Credit Cards
- Bank Transfer
Nonetheless, keep into account that you will have to cash out using the same method you used to fund your account. For example, if you added funds with your MasterCard, then you will have to withdraw your funds to your MasterCard. It is a requirement due to their anti-money laundering policy.
Now it is time to talk about the wagering requirements for their promos.
Extra 10% On Your Initial Deposit
- Min deposit: £500
- Max deposit: £10,000
- Min bonus: £50
- Max bonus: £1,000
- To withdraw, you must place trades that are worth 200% of the bonus money
- Only for UK residents
- Only available for first-time customers
- Exclusive for the English (UK) web-based platform
- No deposit is required
Business Information and Background
Below you will find all the business information about Intertrader:
- Foundation Year: 2011
- CEO: Shai Heffetz
- Revenue: $4M a year according to Owler.com
- Owners: GVC Holdings
- Employees: 50 approximately
- Products: Spread Betting, CFDs, Forex
- Awards by: COLWMA, MoneyAge, Investment Trades, EGR Operator Awards, FX Empire, Investment Trends
- Betopin’s Verdict
In conclusion, Intertrader is one of the best operators for spread betting in the market thanks to their generous welcome offer, easy wagering requirements, thousands of markets and easy to use platform.
Nonetheless, remember that spread betting is high risk because 78% of retail investors lose their money. However, thanks to Intertrader, you can minimize your risk thanks to the fabulous trading tools they put at your disposal, as well as exclusive watch lists and insights to determine the best opportunities.